Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1887-04-22

BEEN lNN OED-I N NIA L ~ w LII
NOT SUFFER BUT NORTHERN
BUYERS HAVE DOUBTLESS BEEN
CAUGHT.
Richmond State, 1871
There was considerable talk and
no little excitement in financial cir
Giles yesterday evening over the dis
covery of the fact that there are per
haps $4,000 of spurious bonds,
upon the market, and today the
matter has been the chief topic of
conversation in financial circles.
The first intimation received in
Richmond that there were spurious
Riddleberger bonds ahoat was con-
tanned in Geographic dispatches re-
ceived by Messrs. John L. Williams
& Son, brokers OF this city, from a
Boston brokerage firm day before
yesterday. The first was as fol-
lows
BOSTON, MASS,
April Is, 1887. I
"To John l.. Williams d Son, Rich-
mORd, Va;
"What Will Won give for Virginia
SIS dated 1889, payable nineteen
thirty-twO-fve, to thirteen thou
sand; New York delivery? What
COUPONS do these bonds carry p
Immediately after the above dis
patch came the following
'BosToN, April 18th, 1887.
"Joha /. Williams d Son, Rich-
mont, Va;
"Made errOrin numbers. Should
be thlrty.six, thirty-seven, forty
two, forty.three, forty.fve, forty
six, fifty.three, fifty-fve, fifty.six,
ffty-seven, seventy-two seventy
three, seventy.fve, eighty-tour.-
Please telegraph if these numbers
are all right
The above dispatches we're signed
bv the Boston firm whose names
were not given by Mr.. Williams be-
cause he said they would not be
affected in any way whatever by
the transaction.
This morning $4,000 Of these
spurious bonds we're received by
the First National Bank of Rich
mond; $4,000 of them were con-
signed to Messrs. John L. Williams
& Son, and 81 900 to Messrs. War
rem & Quarles, to be paid for by
them upon delivery, provided the
bonds we're all right.
FOUND TO BE FoRGERIEs.
AS soon as the spurious bonds
reached Richmond they were dis
covered to be fOrgenes They were
printed by the Kendall Bank-Note
Company, of New York, and bore
the signatures of sd. r. Reveley,
Treasurer, and J. A. Smith, Second
Auditor.
The fact that the bonds were
printed by the Kendall Company
was in itself sufficient proof as to
their spuriousness. because the gen.
uine bonds were all printed by the
American Bank. Note Company of
New \ Ork.
The name OF ~. 4. Smith is q
fictitious one. as no such person has
ever been Second Auditor Of Vir-
GINA. The forged bonds which
were received here today number
ed from to i32 and as they are Of
the 81 600 series it is supposed that
the amount ahOat upon the market
is S432, 900 because in the packages
now in the possession of the pres
ent Board OF Sinking Fund Com.
missiOners the numbers run cOnsec-
utively from 432 upwards.
WHAT THE COUNSEL FOR THE KEN
DALI COMPANY SAYS.
A state reporter this afternoon
saw Mr.. Edgar Allan, counsel for
the Kendall Bank-NOte Company
in the suit brought by that COM
pany against the Board of Sinking
Fund Commissioners of Virginia,
the facts of which are generally
known. Mr.. Allen says that the
Kendall Bank Note Company sent
one package Of bonds here on the
10Th of July, 1889, and they arrived
here on the 18th; that the Board
of Sinking Fund Commissioners of
Virginia rescinded the contract with
the Kendall Company on the 22d,
and shipped the bonds back to
New York, refusing to accept them
on the part of the state. Mr.. Al
Ian telegraphed to the Kendall
Company advising them not to re-
ceive the package of bonds which
had been returned to them.
1t is supposed that from this
package the bonds we're taken and
afterwards forged, as the package
was sold by the Express Company
as an unclaimed package. The pur-
chaser finding out the contents of
the bundle made use of it, the re.
suit of which use on his part is now
very apparent.
A PROBATION ACT.
The present Board of Sinking
Fund Commissioners ascertaining
in 1883 that there were two pack.
ages of these bonds in the express
Office at Richmond held for charges,
decided that 1t would be wise to
pay the charges and take the bonds
away for fear that they might event
ually find their way upon the mar
ket in the shape of forged bonds.
This morning the packages which
the present Board got from the ex-
press Office were opened and ex.
amined. They were found to be
intact and therefore show very con.
clnsiyely that the forged bonds
came from the package sent back
to New York.
CommOnwealth's Attorney Witt
and Mr.. Edgar Allan were at the
Capitol this afternoon when this
report closed, holding a conference
with members Of the Board of Sink.
ing Fund Commissioners.
no HARM TO THE COMMONWEALTH.
The Commonwealth of Virginia
will, of course, in no wise be affect.
ed by the circulation of these forged
bonds, but it appears there will be
quite a number of sufferers in the
North, if the bonds in the package
sent back and sold as an unclaimed
d \